RT Journal Article
SR Electronic
T1 Younger Generations’ Investing Behaviors in Mutual
Funds: Does Gender Matter?
JF The Journal of Wealth Management
FD Institutional Investor Journals
SP 13
OP 23
DO 10.3905/jwm.2011.13.4.013
VO 13
IS 4
A1 Alex Wang
YR 2011
UL https://pm-research.com/content/13/4/13.abstract
AB This study aims to understand younger generations’ investing behaviors in mutual funds in order to help wealth advisors understand how better to work with younger generations. Using survey data, this study reveals that knowledge, experience, and income are important factors that influence younger generations’ investing behaviors in mutual funds. Moreover,gender emerges as the most important factor that differentiates younger generations’ investing behaviors in mutual funds. The findings point out challenges for younger women’s wealth management, as they tend to exhibit fewer investing behaviors in mutual funds than their counterparts do. Consistent with previous research on wealth management among older generations, gender differences have significant implications for wealth advisors. As a result, wealth advisors should help younger women enhance their wealth management and financial future by facilitating their acquisition of necessary financial knowledge and experiences and their involvement with their wealth management. Wealth advisors are also urged to consider helping their clients manage their wealth by being aware of gender-predicted differences in client situations.TOPICS: Wealth management, mutual funds/passive investing/indexing